Energizer (NYSE:ENR) Price Target Increased to $32.00 by Analysts at JPMorgan Chase & Co.

Energizer (NYSE:ENR) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $29.00 to $32.00 in a report released on Friday, Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 0.91% from the company’s previous close.

ENR has been the topic of several other reports. Evercore ISI lowered their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Finally, Barclays upped their price objective on Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.00.

Energizer Stock Performance

Energizer stock opened at $31.71 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The company has a market capitalization of $2.28 billion, a P/E ratio of 26.65 and a beta of 1.04. The stock’s 50 day moving average is $30.38 and its 200 day moving average is $29.64. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. On average, equities research analysts predict that Energizer will post 3.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently bought and sold shares of ENR. Wellington Management Group LLP raised its holdings in Energizer by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 211,615 shares of the company’s stock worth $6,704,000 after purchasing an additional 29,383 shares during the period. Vanguard Group Inc. raised its holdings in Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after purchasing an additional 79,940 shares during the period. Quadrature Capital Ltd bought a new position in Energizer in the 4th quarter worth $476,000. Capital Insight Partners LLC raised its holdings in Energizer by 41.9% in the 1st quarter. Capital Insight Partners LLC now owns 12,954 shares of the company’s stock worth $381,000 after purchasing an additional 3,828 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Energizer by 14,545.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock worth $1,492,000 after buying an additional 50,326 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

Energizer Company Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.